Which of the following statements about accounting for discounts is true?
A) The net price method highlights sales discounts not taken and the gross price method highlights sales discounts taken.
B) The net price method highlights sales discounts taken and the gross price method highlights sales discounts not taken.
C) The net price method highlights trade discounts not taken and the gross price method highlights trade discounts taken.
D) The net price method highlights trade discounts taken and the gross price method highlights trade discounts not taken.
Correct Answer:
Verified
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